Egypt

ElMolla: Extensive drilling program to secure Egypt’s needs of petroleum products

Petroleum and Mineral Resources Minister Tareq el Molla said that the petroleum sector is currently implementing an extensive drilling program

AMOC targets $19.49mln net profits in FY23/24

The board members of Alexandria Mineral Oils Company (AMOC) approved the capital budget for fiscal year (FY) 2023/2024 on 19 June, according to a bourse disclosure.

Egypt: Petroleum Min. Meets CEO of BP in London

Tarek EL-Molla, the Egyptian Minister of Petroleum and Mineral Resources met with Bernard Looney, CEO of British Petroleum (BP), Anja Isabelle, on the sidelines of his tour to promote green investment in the capital, London.

Misr Chemical plans to team up with two private firms and establish a new company

Misr Chemical Industries plans to team up with two private firms and establish a new company, with an authorised capital of EGP 1 billion and issued capital of EGP 600 million.

Egypt to launch 2 oil, natural gas exploration tenders by end-2023

Egypt is planning to offer two tenders for oil and gas exploration in at least 16 blocks south of the country and across the Mediterranean by the end of 2023, two government sources told Asharq Business on June 14th

ExxonMobil Egypt works on growing Mobil network nationwide - Chairman

Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the entity works on growing Mobil branded service stations network across the country while expanding its upstream exploration investments in the Arab republic.

Egypt’s Petrochemicals Exports Surge 23% To $8.629Bn In 2022

The Chemicals and Fertilizers Export Council, affiliated with the Egyptian Ministry of Trade and Industry, has announced that Egypt exports of the sector products increased by 23% in 2022, recording $8.629bn compared to $7.033bn in 2021.

Egypt increases gas, LNG exports to Jordan

Egyptian gas exports to Jordan are set to increase, with the signing of two new agreements on Saturday 10/06/2023 that facilitate LNG storage and regasification, and increase gas supply to Jordan’s industrial sector, according to official statements from the two countries.